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THE RED SEA.
$48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oi...- Yemeni military says Houthi attack on Mocha kills 7, wounds 30Seven people, including four military personnel and three civilians, were killed and 30 wounded in a Houthi attack on Yemen’s Red Sea port ...
- Fire extinguished at Aramco facility in Jazan, Saudi Arabia saysFirefighters extinguished a blaze at Saudi Aramco's Jazan refinery on Sunday. The facility had previously been shut down following a Houthi...
- India stresses security of seafarers as "high priority" after Indian vessel sinks off Yemen; calls for safe, unimpeded passageIndia's External Affairs Ministry stressed seafarer safety following a Red Sea vessel sinking. All thirteen Indian nationals aboard were su...
- Hormuz uncertainty pushes landed costs up to 50%, raising risk of higher consumer pricesThe escalating unrest near the Strait of Hormuz is causing a notable spike in shipping expenses for businesses in India. An increase in fre...
- Trump says deal to reopen Strait of Hormuz could come as early as WednesdayPresident Trump indicated a deal to reopen the Strait of Hormuz could happen soon. Hopes for a deal eased oil prices as shipping hopes incr...
- Proposed Hormuz deal would give Iran control of inbound traffic, sources sayA proposed Iran-Oman deal would grant Tehran control over ships entering the Strait of Hormuz. Important details remain to be agreed upon r...
- Indian-flagged vessel attacked in Red sea, all 13 Indians rescued: MEAAn Indian-flagged merchant vessel faced an attack off Yemen's coast on Tuesday. All thirteen Indian nationals aboard the vessel have been s...
- Projectile sinks Indian ship near Yemeni waters but all seafarers safe, Union minister Sonowal saysAn Indian-flagged vessel sank in the Red Sea after a projectile strike, but all fourteen crew members were rescued. The Yemeni Coast Guard ...
- Global Market: Goldman Sachs sees Brent crude trading at $80-$90 until Iran conflict outlook clearsGoldman Sachs forecasts Brent crude prices between $80 and $90 per barrel. This range persists until clarity emerges on US-Iran nuclear tal...
- Six Saudi tankers turn away from Gulf of Aden, ship-tracking data showsThe tankers, which were empty of cargo after returning from destinations in Asia, were sailing in formation towards southern Africa, rath...
- Tanker carrying Russian cargo reroutes around Africa after Red Sea U-turnA Russian naphtha tanker changed course to sail around Africa. The Sea Icon vessel avoided the Bab-el-Mandeb strait due to recent attacks. ...
- 'Safe transit service': Yemen's Houthis have no plans to impose fees on ships sailing through Red SeaYemen's Houthi-run maritime body denied plans to impose fees on ships. Passage through the Bab el-Mandeb strait remains free, they stated. ...
- Saudi Arabia seeks coalition to secure Red Sea shippingSaudi Arabia is seeking an international coalition to safeguard Red Sea shipping lanes. This initiative aims to counter ongoing Houthi atta...
- Aramco mulls new Asia pricing on deliveries from Egypt portState-run Aramco has been asking Asian customers to take oil deliveries from the Egyptian port, near the Suez Canal exit from the Red Sea, ...
- China holds talks with Houthis to allow tankers via Red SeaChina was among the first countries to contact the Houthis directly about transits through Bab el-Mandeb, the strait at the southern end of...
- Yemen's Houthis considering fees for ships sailing through Red Sea, sources sayYemen's Houthi faction is exploring the potential of levying fees on maritime traffic in the southern Red Sea. This fee proposal emerged fr...
- Houthis pushing to model Iran's Hormuz control in Red Sea, Yemeni FM saysYemen's top diplomat stated Houthis aim to replicate Iran's Strait of Hormuz strategy. This action could disrupt shipping in the Bab el-Man...
- MRPL seeks crude via tender avoiding Red Sea and Hormuz, document showsMangalore Refinery and Petrochemicals Ltd is seeking oil imports via a spot tender. The company has asked suppliers to avoid the Red Sea an...
- Red Sea shipping slumps after Houthi strikes on Saudi Arabia energy infrastructureShip traffic through Bab el-Mandeb declined significantly on Sunday. This occurred after Yemeni Houthis attacked Saudi oil installations al...
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